Shinhan Securities Raises SK Innovation Target Price by 31% Amid Recovery Expectations Shinhan Investment Corp. announced on May 14 that it has raised its target price for SK Innovation from 130,000 won to 170,000 won, an increase of 30.8%, citing strong refinery market conditions and a recovery in the battery business. The firm maintained its "buy" rating on the stock. Lee Jin-myung, an analyst at Shinhan Investment, stated, "Despite concerns over global demand slowing, the current impact of supply disruptions is more significant, suggesting that tight supply and demand co May 14, 2026

Hanwha Investment Upgrades Samyang Foods Target Price Amid Growth Expectations Hanwha Investment & Securities announced on May 14 that it has raised its target price for Samyang Foods from 1.9 million won to 2 million won, citing continued global demand for its spicy chicken brand and anticipated growth from expanded production capacity. The firm maintained its "buy" rating on the stock. Han Yu-jung, an analyst at Hanwha Investment & Securities, noted that the company’s consolidated operating profit for the first quarter rose 32.2% year-on-year to 177.1 billion won, May 14, 2026

Senate Confirms Kevin Warsh as Fed Chair; First Test is Interest Rate Cut The U.S. Senate has confirmed Kevin Warsh as the new chair of the Federal Reserve. On May 13, local time, the Senate approved Warsh's nomination with a vote of 54 in favor and 45 against. All Republican senators supported the nomination, while only Senator Jon Tester from the Democratic Party voted in favor. Warsh is set to succeed Jerome Powell, whose term ends on May 15. The term for the Fed chair is four years. Warsh's first major challenge will be the Federal Open Market Committee (FOMC May 14, 2026

Hyundai Launches 'The New Grandeur' as a Milestone in SDV Transition Hyundai Motor Company has positioned its flagship sedan, 'The New Grandeur,' as a pivotal step in its transition to Software-Defined Vehicles (SDV). This model features the company's first self-developed next-generation infotainment platform. With the addition of innovative technologies such as a next-generation hybrid system and electric air vents, Hyundai aims to lead the premium sedan market. On May 13, Hyundai unveiled the internal combustion and hybrid versions of 'The New Grandeur May 14, 2026

Kyobo Securities Upgrades NCSoft's Target Price Amid Strong Game Performance Kyobo Securities maintained its "buy" rating on NCSoft on May 14 and raised its target price from 340,000 won to 375,000 won. Analyst Kim Dong-woo noted that NCSoft's first-quarter revenue reached 557.4 billion won, with an operating profit of 113.3 billion won, exceeding market expectations. He attributed this success to the strong performance of Aion 2 and Lineage Classic. Aion 2 generated 136.8 billion won in revenue, reflecting some carryover from the previous quarter and robust May 14, 2026

Meritz Securities Maintains 'Buy' Rating on Korea Electric Power Despite Lowered Consensus Meritz Securities reported on May 14 that while the lowered annual performance consensus for Korea Electric Power Corporation (KEPCO) is putting pressure on its stock price, focusing solely on short-term results could overlook structural improvements. The firm maintained its target price at 65,000 won and its investment opinion at 'Buy.' Analyst Moon Kyung-won noted that KEPCO's operating profit for the first quarter reached 3.78 trillion won, falling short of the consensus estimate of 4. May 14, 2026

Bitcoin Falls Below $80,000 Amid U.S. Inflation Shock Bitcoin has dropped below $80,000 due to a shock in U.S. inflation data and a surge in international oil prices.As of 8 a.m. on May 14, Bitcoin was trading at $79,395, down 1.53% from the previous day, according to the global cryptocurrency market site CoinMarketCap.The decline in price is attributed to concerns over inflation. The U.S. Bureau of Labor Statistics reported on May 12 that the Consumer Price Index (CPI) for April rose 3.8% compared to the same month last year, with a month-over-mon May 14, 2026

CJ OliveNetworks Begins Development of Orion's Next-Generation Quality Control System CJ OliveNetworks, a specialist in artificial intelligence transformation within CJ Group, has officially commenced the development of a next-generation quality control system for global food company Orion. On May 14, CJ OliveNetworks announced that it will implement a quality control system based on Statistical Process Control (SPC) to monitor and analyze Orion's production equipment and process data in real time. This initiative aims to enhance the early detection of quality anomalies in May 14, 2026

School Hiking Club Activities Restricted After Student's Death A fifth-grade student who went missing while hiking alone in Juwangsan National Park was found dead three days later, prompting claims that schools are restricting hiking club activities. Recently, a post titled "Latest K-Accident Response Update" circulated on various online communities. The author of the post, identified as A, claimed, "My younger brother, who is in high school, said that after the Juwangsan incident, the school has indefinitely suspended hiking club activities under May 14, 2026

U.S. Stocks Rise Despite Inflation Concerns; S&P 500 and Nasdaq Hit Record Highs U.S. stocks showed strength on May 13, driven by a rally in semiconductor shares, despite concerns over inflation due to high oil prices. The Dow Jones Industrial Average closed down 67.36 points, or 0.14%, at 49,693.20. The S&P 500 index rose 43.29 points, or 0.58%, to finish at 7,444.25, while the Nasdaq composite gained 314.14 points, or 1.20%, closing at 26,402.344. Both the S&P 500 and Nasdaq set new all-time highs with their gains on this day. The surge in tech stocks was May 14, 2026